Wikimedia Foundation Partners with Bitpay to Expand Crypto Payments

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Wikimedia Foundation Partners with Bitpay to Expand Crypto Payments

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The American non-profit and charitable organization behind Wikipedia, Wikimedia Foundation, has partnered with BitPay, a leading company providing Bitcoin payment processing services for merchants.

The partnership will allow the foundation, which has already provided a Bitcoin donations capability to the multilingual, web-based, free encyclopedia, to now add BCH donations through BitPay. BitPay’s chief commercial officer, Sonny Singh, who predicted at the end of last year that a USD 15,000 to USD 20,000 Bitcoin price would be a feasible outcome by the end of 2019, commented on the new partnership:

“Bitcoin and Bitcoin Cash are one of the cheapest payment options available so more money goes to charity rather than paying fees. Wikimedia does so much good around the world that it is a privilege to help them raise money.”

Singh was quick to point out that altcoins would be less fortunate than Bitcoin and would “never come back”, and the flagship cryptocurrency’s return to fortune would be driven by large company investment, some of which is already planned.

BitPay’s success has been notable in the industry with over USD 1 billion in transactions over the course of 2018 with record high revenues from transfer fees. Pats Pena, Director of Payments and Operations at Wikimedia Foundation commented on the new step:

“Our donors have shown an increased interest for different cryptocurrencies, so accepting Bitcoin Cash was a natural next step. We accept donations globally, and we strive to provide a large variety of donation options. It’s very important that we can get international donations processed in ways that are efficient and cost-effective.”

 

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